Gold futures climb Rs 23 on global cues

Friday, Sep 2, 2016,11:53 IST By metrovaartha A A A

New Delhi | Gold prices were up by Rs 23 to Rs 30,795 per 10 gram in futures trade as speculators raised their bets, tracking a firm trend in global market.

In futures trade at the Multi Commodity Exchange, gold for delivery in October rose by Rs 23 or 0.07 per cent to Rs 30,795 per 10 gram in a business turnover of 4 lots.

Also, the precious metal for delivery in December was trading higher by Rs 14 or 0.05 per cent to Rs 30,950 per ten gram in four lots.

Analysts said building up of positions by participants following rising gold prices in the global market helped the precious metal to trade higher at futures trade here.

Globally, the metal’s rates advanced as much as 0.39 per cent to USD 1,313.60 an ounce in New York yesterday.